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20121201
20121231
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KTVU (FOX) 17
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English 17
Search Results 0 to 16 of about 17 (some duplicates have been removed)
FOX
Dec 28, 2012 4:00am PST
of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly t
FOX
Dec 4, 2012 4:00am PST
-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority think the fiscal cliff's impact will n
FOX
Dec 7, 2012 4:00am PST
journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to washington for more funds to cover the cost of hurricane sandy. christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states wit
FOX
Dec 19, 2012 4:00am PST
obama and house speaker john boehner are mulling over thier next moves. the president recently offered to raise his threshold on taxing the wealthy from $250,000 to $400,000. he's also showing signs of supporting a new way to measure inflation when calculating annual cost of living increases in social security benefits. house republican were quick to say it's not enough. both republicans and democrats agree: failing to avert the so- called fiscal cliff-- which includes tax hikes and spending cuts january first--- could push the nation into recession. the treasury is winding down the tarp program. starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.
FOX
Dec 11, 2012 4:00am PST
obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this idea that the federal reserve is going to continue its method of quantitative easing. the fed meeting to start today. however, we will receive the announcement from the fed tomorrow, perhaps around 1:00 or so wednesday. but, the id
FOX
Dec 14, 2012 4:00am PST
. i'm angela miles. in today's first look: waiting on washington: president obama and speaker of the house john boehner met last night for yet another round of budget talks. ahead of the meeting, stocks and commodities all sold off as wall street assumed talks on averting the fiscal cliff had broken down. it's official: well-known consumer watcher elizabeth warren will serve on the senate banking committee. and it's up and up for adobe. shares of adobe traded higher after hours by 4% after the company reported earings that topped expectations. there's the sound of the bell. mark sebastian of option pit mentoring and consulting joins us on this friday. good to see you on the show today. > > good morning. > what will the friday trade look like? > > you know, i've been watching a couple of things: gold got obliterated yesterday, i think on technical selling. it's interesting, if you look at this last quarter, everything that people made money on in the first nine months of the year - first three quarters - is getting absolutely torched: gold, apple, commodities. why? i think ther
FOX
Dec 20, 2012 4:00am PST
as president obama and congressman boehner both talk to america about where they stand on the fiscal cliff. oil was the only riser and at one point-- topped $90. shares of bed, bath and beyond fell in the after hours session on disappointing earnings news. reports say game company thq has filed for chapter 11 bankruptcy protection but is not going out of business. and boeing is said to be using sacks of potatoes on planes instead of people to test a new wifi system. jared levy of zacks.com joins us on the show this morning. good morning and you are among the traders riding that fiscal wave. > > it's a pretty big one. [laugh i hope it's over soon. > > i agree with you. so what do you think is likely to happen here? we had a selloff yesterday. > > i think yesterday's price action was more of the same. don't forget the s &p going into yesterday was a little overbought so yesterday's selloff was expected. today, don't forget, we've got some key numbers coming out. we've got unemployment, we have existing home sales, and then tomorrow's durable goods numbers. all of those really come into play
FOX
Dec 21, 2012 4:00am PST
federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $1 million. senate democrats threatened to squash the bill, and the president has promised a veto. "senate democrats and the white house will have to act on this measure. two years ago, 53 democrats voted for a bill like this one. now they say they oppose it. rather than tell us what they can't do, maybe they should tell us what they can do." last night, lawmakers failed to vote on legislation known as plan b. it
FOX
Dec 5, 2012 4:00am PST
week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepects of the economy going over the fiscal cliff
FOX
Dec 6, 2012 4:00am PST
player's case before trial. president obama is hoping to gain yardage on budget talks, minus drama. yesterday, the president met with business leaders at a roundtable event, and had this to say to the ceo's: "i recognize that all of you have an investment in your own company,ut notnly your own bottom lines, but in the well-being of america." at the same time, gop majority leaders including eric cantor met with small business owners. cantor blamed the president for being obsessed wtih raising taxes. the president says he won't budge on higher taxes for the top 2%. the stock market rallied yesterday after bloomberg news reported 40 republicans have joined a bipartisan call to break the budget impasse. california shipping ports in l.a. and long beach are back in action. an eight-day strike started by clerical workers over the outsourcing of jobs has ended. an additional 10,000 port workers refused to cross the picket lines, which crippled cargo deliveries. the clerical union is expected to vote on whether to ratify the agreement in about 2 weeks. while shippers and workers have worke
FOX
Dec 10, 2012 4:00am PST
to watch any of those talks with boehner and obama, and if they make any kind of progress. then we can see the s&p start to build momentum on that and travel upward. > people who were investing overseas are very happy about what is happening in europe. german stocks are soaring. is it too late to get in? > > we saw the dax push up to a 52-week high last week. really the key here is safety. they are using that stock market as their safety gauge if they are trading over in europe. so, if the safety play continues to warrant being ultra- conservative, yeah, you are going to see that market continue to move upward. if traders want to take on a little bit more risk and spread to some of the other european sovereign-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consumers, brazil, which
FOX
Dec 12, 2012 4:00am PST
and $250,000 for couples. president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the national federation of independent business says its confidence index of small biz owners dropped 5.6 points last month - that's one of the largest drops the study has ever shown. the group says the fiscal fiasco in washington, along with the upcoming healthcare overhaul, is shattering optimism within the sector. however, it's not all doom and gloom. some business owners are expecting better sales and improving credit conditions in the new year. if you've had a positive experience at a jp morgan bank of late, you're not alone. the nation's largest bank by assets has jumped to first place in the american customer satisfaction index, edging out perennial favorite wells fargo. the survey interviews 70,000 customers each year on their satisfaction levels with checking,
FOX
Dec 18, 2012 4:00am PST
of the fiscal cliff. president obama and congressmen boehner spent roughly 45 minutes in a meeting at the white house monday. the latest position from the gop appears to be a willingness to raise taxes and increase the debt ceiling as long as deep cuts in entitlements are attached. foreign countries now own a record amount of u.s. debt at $5.48 trillion. china owns the most government debt, around $1.16 trillion. japan is a close second by around $1.13 trillion, and brazil rounds out the top three with $255 billion dollars worth of u.s. debt. meanwhile, economists say u.s. investors are buying debt from countries in europe instead of the u.s., which could signal that investors are less afraid of the euro crisis than before. 6 million americans will soon get money from credit card companies. american express, discover and capital one were all caught in a government crackdown on deceptive credit card practices and will now have to pay back customers a collective $435 million in refunds. american express is already refunding customers, some of whom were charged higher late fees or never received
FOX
Dec 24, 2012 4:00am PST
. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators
FOX
Dec 26, 2012 4:00am PST
see people work three jobs just to make ends meet. that's not fair." in late november, president obama met with small business owners for their input about the fiscal cliff, and the minimum wage was mentioned. "i think the administration is interested in doing something, but it also comes with some baggage, so i'm not sure it'll be taken up." opponents of raising the minimum wage say it would hurt teenagers, an age group facing the highest unemployment rate already. during the recession, many of those jobs were held by adults. in fact, in colorado, two out of three minimum wage workers are older than age 20. meanwhile, a bill in congress would raise the federal minimum wage 85 cents a year for three years until it reached $9.80 an hour. after that, it would be linked to inflation. as end-of-year charitable donations step up this week, the new york attorney general is releasing disturbing details about charity fundraising. for- profit telemarketers hired by charities to raise funds kept an average of 61.5 cents of every dollar donated. 76 of the 602 charity campaigns in the study, lost
FOX
Dec 27, 2012 4:00am PST
computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to avert spending cuts at the same time tax cuts expire. one alternative being floated - congress may let income taxes go up on everyone one tick past the stroke of midnight, then quickly vote to decrease tax rates for most americans back to 2012 levels. meanwhile, starbucks ceo howard schultz wants his employees to send a message and scrall, "come together," on cups for drink orders in the d.c. area. it's the first time employees have been asked to write anything other than customers' names on cups. former members of a regulatory agency are walking the well worn path from washington to wall street. since june, 9 members of the commodity futures trading commission have taken jobs at financial firms including jpmorgan chase and japanese investment bank nomura, according to the wall street journal. members of the cftc have been making the transition to help firms intepret changes under the dodd- frank reforms passed in 2010. critic
Search Results 0 to 16 of about 17 (some duplicates have been removed)